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So more than anyone else, she knows who will likely make it and who wont.
What is it that separates the ones who succeed from the ones who dont?
Corcoran appeared on The Diary of a CEOpodcast, where she shared her point of view on the subject.
Also seeCorcorans surprising portfolio picks and how tangible assets built her wealth.
They dont waste time pointing fingers or finding someone to blame.
The ones that dont make it know how to be a victim, Corcoran said.
And thats what an entrepreneur does.
When something goes wrong, a strong business owner asks How can I fix this?
Weak ones ask Who can I blame?
Own Your Failures
Sure, it feels bad when things go wrong.
But good business owners get back up quickly when they fall.
They dont let bad feelings spin up the show.
Failure means you have an opportunity to learn something new.
Dont get stuck on your failures.
Bad entrepreneurs keep thinking about what went wrong instead of trying something new.
This means theyre just going in circles instead of finding a better way to do things.
Youre the boss, its your problem, Corcoran said.
It rests with you.
Now what are you going to do about it?
When you run a business, youre the boss.
That means youre also the chief problem solver.
Indeed, according toForbes, problem solving is a key trait of successful entrepreneurs.
Its easy to blame everything else.
you’re able to complain about the market, your employees or your bad luck.
But if you refuse to accept responsibility, it will just keep you from growing and improving.
If you dont take accountability, youll just make the same mistakes again and again.
Meanwhile, your competitors will be finding solutions and moving past you.
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